Canadian Renters Paid 12% More to Keep a Roof Over Their Head in October
Renters across Canada continued to pay substantially more to keep a roof over their head last month, as prices jumped almost 12% from one year ago. The latest monthly report from Rentals.ca showed that rent prices for all property types rose 11.8% to an average of $1,976 in October. Landlords charged an average of $209 […]
Domino’s Pizza Signs Deal With GM For EV Delivery Fleet
Domino’s Pizza (NYSE: DPZ) is the latest American company to begin its push towards using electric vehicles. The move is primarily to attract more drivers and overcome a labor shortage that has affected the broader food delivery industry this year. It will also help the pizza chain achieve its emission reduction goals. The company signed […]
Slave Lake Zinc Releases Results Of Airborne Surveys At O’Connor Lake Project
Slave Lake Zinc (CSE: SLZ) this morning published the results of a magnetic airborne geophysical survey that was conducted last year during shutdowns related to the pandemic. The survey, conducted on the firms O’Connor Lake zinc-lead property, was partially conducted as a means of developing the firms relationship with the Northwest Territory Metis Nation. The […]
FTX Property Buying Spree: SBF Parents, FTX Firms Spent $121 Million On Bahamas Real Estate
Bankrupt crypto exchange FTX, Sam Bankman-Fried’s parents, and senior officials of the firm purchased at least 19 homes in the Bahamas valued at roughly $121 million over the last two years, according to official documents. The majority of FTX’s purchases were luxury beachfront houses, including seven condominiums in Albany, for about $72 million. The FTX […]
Kraken Pauses Deposits, Withdrawals As Investigation On Fidor Bank Funding Continues
Crypto exchange Kraken announced an update on Tuesday relaying that “deposits and withdrawals are currently not being processed” as the company continues to investigate an issue with its funding from Fidor Bank–an issue the exchange first disclosed three days ago. In its website, Kraken explained that European funding provider Fidor is winding down its operations […]
NG Energy Tests 50.6 MMscf/d Gas In Aggregate Across Three Zones At Brujo-1X
Testing of NG Energy’s (TSXV: GASX) Brujo-1x well, which previously was indicated to have hit 783 feet (238 metres) of net gas pay, has been completed. The well was first spud in September, under an arrangement with CleanEnergy Resources. A total of four drill stem tests were conduct on the well, with three said to […]
Denison Mines Recovers 14,400 Pounds U3O8 In Wheeler River Feasibility Field Test
Denison Mines (TSX: DML) continues to see success from its in-situ recovery feasibility field test at its Wheeler River uranium project. The field test managed to recover 14,400 pounds of U3O8 over a period of ten days, following recovery of a “uranium bearing solution” last month. Early results from the field test indicate that the […]
BMO: Signs Of Optimism Seen Among Precious Metals Investors
Over the last week, BMO has put out a set of notes updating their thoughts on the metals and mining sector after they met with investors and several companies reported earnings. BMO reiterates that investors actively interested in the sector are looking for companies who can provide balance sheet protection and discipline, suggesting that the […]
Freeport LNG Export Terminal, Shuttered Since a June Fire, Should Restart Next Month
On November 18, Freeport LNG Development, L.P. announced that it plans an initial restart of its natural gas liquefaction and liquefied natural gas (LNG) export facility in mid-December 2022, about a month later than the company’s prior guidance. The Freeport facility, which is located on Quintana Island on Texas’ Gulf Coast and has a maximum production […]
Genesis Reportedly Sounds Alarm For Bankruptcy As Lending Unit Struggles
Bankruptcy might be oncoming for the crypto firm Genesis Global following FTX implosion. Genesis Global Trading is reportedly struggling to raise new capital for its lending arm and is warning potential investors that if its attempts fail, it may have to declare bankruptcy. According to people familiar with the situation who told Bloomberg, the crypto […]